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LTC, swing ideaLtc is breaking resistance.
We can see a major move to next resistance.
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LTC falling wedge breakout soon?LTC forming this falling wedge for almost the last two weeks. Now right under important level 165 that was support multiple times, we can expect that now will act as big resistance, also at the same time right under the resistance trendline of this big wedge. SRSI could use some cool off and we could expect possibly some kind of pullback, consolidation, or even retest of support at 147,6 (it might not happen before breakout). Good long entry could be a retest of that support trendline or resistance level. And also good short entry could be if that level is lost. I recommend short entry only at a bearish retest of that level.
LTC/USDT 57% up without leverage and still chances toward $264.?#LTC/USDT Profit Update:-
$LTC currently trading at $182
And our entry signal was $115-$130
So our Lower entry was also filled.
Now 57% up without leverage.
This is result of patience guys.
I am also holding and booked profit 50% positions here for safe side.
Entry:- $120 ✅
TP1:- $178 ✅
TP2:- $264 waiting
SL:- I placed at my entry level.
Now..?
Now LTCUSDT trading at strong resistance level at $195
If breakout this resistance then we can see $264 next target
But
If Rejected from this level then we can see $155 also
$155 is good support level.
Support:- $155/$130
Resistance:- $195/$264/$420
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LTC - Downtrend?LTC is more neutral than the other main coins... a bit like ETH.
This support is holding a price up and might even push it up for a bit BUT I can see any strength in it...
In case the price started dropping more, that other support line I put on the chart can hold the price up and cause a bounce.
If you're opening long positions, be very careful and close with small profits.
This market is going to drop, soon!
Current Market Price: $130.50
Good Luck
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